Airgain (NASDAQ:AIRG) CFO Michael Elbaz Sells 3,787 Shares

Airgain, Inc. (NASDAQ:AIRG) CFO Michael Elbaz sold 3,787 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the completion of the transaction, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Elbaz also recently made the following trade(s):

• On Tuesday, May 12th, Michael Elbaz sold 1,487 shares of Airgain stock. The stock was sold at an average price of $6.98, for a total transaction of $10,379.26.
• On Friday, March 20th, Michael Elbaz sold 12,769 shares of Airgain stock. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28.

Airgain Price Performance

NASDAQ AIRG traded up $0.11 during mid-day trading on Thursday, reaching $6.76. The stock had a trading volume of 49,475 shares, compared to its average volume of 81,573. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.39. The stock has a market cap of $85.69 million, a PE ratio of -12.25 and a beta of 0.90. The company has a fifty day moving average price of $5.60 and a 200 day moving average price of $4.75.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The company had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, equities research analysts expect that Airgain, Inc. will post -0.18 earnings per share for the current year.

Institutional Trading of Airgain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in Airgain during the fourth quarter valued at approximately $44,000. Susquehanna International Group LLP purchased a new stake in Airgain during the third quarter valued at approximately $91,000. Citadel Advisors LLC grew its holdings in Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Airgain during the fourth quarter valued at about $934,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AIRG shares. Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Lake Street Capital started coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Monday, April 20th. Northland Securities set a $8.50 target price on shares of Airgain in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airgain has an average rating of “Moderate Buy” and a consensus price target of $7.70.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.